PACE FINANCING

Grow your business, with PACE.

At PACE, we provide loans of up to $300,000 to support small and medium-sized enterprises (SMEs) and social enterprises. To apply, you’ll need to provide detailed documentation, including a business plan, financial statements, and cash flow projections. Our straightforward process is designed to ensure that we support businesses with strong potential for success. Read on to learn more about the application requirements.

Our Loan Process

Step 1

Prepare your documentation and book a consultation with the PACE Business Development Coordinator or Executive Director. We’ll review your documents and gain an understanding of where you stand currently, plus your goals.

Step 2

Finalize your loan application with the support of the PACE team. They’ll offer tips to improve your application to go before the Board of Directors. Once your application is ready, it will be added as an agenda item on the next meeting.

Step 3

The PACE team and our Board of Directors will meet to review all of your documents plus your application and discuss whether this loan is feasible, if there are additional questions that must be answered in order for it to be approved, or if it cannot be approved at this time.

Step 4

You will be informed of the decision and next steps will follow from there.

Documents to Provide

Your Business Plan

A well-prepared business plan is essential for your loan application. It should clearly define your business's mission, goals, and strategies for success. Your plan should include an overview of your products or services, target market, competitive landscape, marketing approach, and operational structure. If you need help, click here for tips. You can also download a business plan template by clicking the button below.

Download Template
Loan Application

The loan application process at PACE is thorough and transparent. Applicants must submit financial and business documents for review.
This includes your financial statements, current assets and net worth, and projected cash flows, allowing us to evaluate the potential of your project and ensure we support businesses with a strong chance of success.

Download Application
Environmental Assessment

PACE requires an environmental assessment for certain projects to ensure compliance with sustainability practices and regulations. The assessment helps identify potential environmental impacts and provides solutions to minimize them, promoting responsible growth. You can download the assessment below if needed for your project.

Download Assessment